Latest Capital Management News

Westpac Banking Corporation has announced a fully franked distribution of AUD 1.1789 per Westpac Capital Notes 10 for the quarter ending March 2026, reflecting a 4.78% annualised yield based on current market rates.

The Lederer Group, holding 42.7% of Elanor Commercial Property Fund securities, is pushing to replace the fund’s responsible entity and manager, aiming to reduce management fees and reshape governance.

Scentre Group has sold a 19.9% stake in Westfield Sydney to Australian Retirement Trust for $864 million, reinforcing its strategy of capital recycling through joint ventures.

Neurizon Therapeutics has launched a A$24.2 million equity raise to fund the next phase of clinical trials for its lead drug NUZ-001 targeting ALS, supported by a global licensing deal and a flexible convertible note facility.

Pearl Gull Iron has completed the sale of its Cockatoo Island Project, receiving $4.5 million in cash, a 4% indirect stake in Crestlink Pty Ltd, and ongoing royalties. The transaction positions the company to pursue new growth opportunities while maintaining exposure to the project’s future upside.

Australia and New Zealand Banking Group Limited (ANZ) has announced a quarterly distribution of AUD 1.2013 per security on its CAP NOTE AN3PK, payable in March 2026. The payment is 70% franked and subject to standard conditions and ANZ’s discretion.

Audalia Resources has completed a $540,000 placement by issuing 20 million shares, aiming to advance mining design and permits at its Medcalf Project while exploring further funding options.

Centuria Capital Group has announced a 5.20 cents per stapled security interim distribution for December 2025, combining a fully franked dividend and trust distribution. Notably, the Distribution Reinvestment Plan is suspended for this payment.

Reece Limited has increased its on-market share buyback target by $50 million, raising the total to $85 million as part of its disciplined capital management strategy.

Stockland has announced an estimated 9.0 cents per security distribution for the first half of FY26, alongside a 1% discount on reinvested dividends through its Distribution Reinvestment Plan.

Champion Iron Limited has announced a conditional cash tender offer to acquire Norwegian iron ore producer Rana Gruber for approximately US$289 million, backed by key financial partners La Caisse and Scotiabank. The deal aims to expand Champion’s high-grade iron ore portfolio and strengthen its position in the green steel supply chain.

Michael Hill International has successfully refinanced its $90 million debt facility, securing improved margins and extending the term to August 2028 with the addition of Commonwealth Bank as a new lender.